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CUSMA Review 2026: What Happens on July 1 — and What It Means for Your Wallet

The trade deal that governs nearly $1.3 trillion in Canada-U.S. commerce is up for review in less than a week. Here's what's at stake for Canadian families — and how to protect your budget whatever happens next. By MoneySavings.ca Staff  |   June 25, 2026 Canada Day is almost here — and this year, July 1 carries a lot more weight than fireworks and barbecues. On that same date, Canada, the United States, and Mexico are required to sit down for the first mandatory review of the Canada–United States–Mexico Agreement , known in Canada as CUSMA (and in the U.S. as the USMCA). The outcome of these talks will help shape the price of your groceries, your next car payment, Canadian jobs, and the overall cost of living for years to come. If you've heard the buzz but aren't sure what it all means for your household budget, you're in the right place. Here's your plain-language breakdown. What Is CUSMA — and Why Should You Care? CUSMA replaced the old NAFTA deal in 2020 an...

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Netanyahu Confirms Israel’s Acceptance of Trump-Brokered Ceasefire with Iran

In a dramatic turn in the escalating Middle East conflict, Israeli Prime Minister Benjamin Netanyahu announced that Israel has agreed to a ceasefire proposal put forward by U.S. President Donald Trump. The announcement follows nearly two weeks of intense hostilities between Israel and Iran, marked by missile exchanges, airstrikes, and mounting casualties on both sides.

Netanyahu stated that Israel had achieved the objectives of its military campaign, dubbed Operation Rising Lion, which included neutralizing what he described as “a dual existential threat” from Iran’s nuclear and ballistic missile programs. According to the Israeli government, the operation resulted in significant damage to Iranian military leadership and infrastructure, as well as full air control over Tehran’s skies.

The ceasefire, which Trump declared “complete and total,” is being phased in over a 24-hour period. However, tensions remain high. Iran has not officially confirmed the agreement, though its state media reported the truce had begun. Earlier, Iran’s Foreign Minister indicated Tehran would halt attacks if Israel ceased its military operations by a specific deadline.

Despite the ceasefire, reports emerged of renewed missile fire from Iran into Israeli territory, prompting Israeli officials to warn of a forceful response to any violations.

The ceasefire has also reignited calls within Israel to expand the agreement to include Gaza, with families of hostages urging the government to leverage the diplomatic momentum to secure their release and end the war on the Palestinian front.

As the region holds its breath, the coming hours will determine whether this ceasefire marks a turning point—or merely a pause—in a deeply entrenched conflict.

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